Big Bytes

Mumbai Property Market in Calibration Mode – Post RERA, GST and the RBI Interest Rate Cut

Current Market Trend / GST: We are headed for interesting times in Mumbai, the GST impact is yet to kick in however, a lot of Developers have already announced GST rolled back offers, which only means, you pay 5% of Stamp Duty and the earlier 5.5% (4.5% Service Tax and 1% Mvat) so your tax obligation is restricted to just 10.5% which was earlier prior to the introduction of GST. We do not know how long, this absorption will be done by the Developers, but the good news is that owing to this the markets have started moving a little, we can see traction in developer offices and the inquiries have gone up already by 50% or so over the past few days.

REPO Rate Impact: The Repo rate cut of .25 basis point will also add value to the Home Buyers and Developers in just a few weeks and we are anticipating another .25 basis point cut in the next few months. The Modi Government has to go in for elections in around 20 months and this may be just the turning point of the cycle, where a lot of sops will be given in the forthcoming budget.

Stock Market Impact: The stock markets are performing well and the direct impact of the flourishing stock markets is always seen on the real estate markets, where people make money and eventually buy a home. We are seeing increased inquiries from the financial world for genuine home buyers, who can perhaps get a good deal in this market.

Mumbai Metro Calibration Impact – How far is the Metro?? Mumbai Metro Development is going to be the biggest real estate driver. The upcoming metro is driving people to choose their locations based on their current offices, conveniences to School, College and other places.

So people, are getting more agile and asking How Far is the metro from the project??? This is a new thing which we have seen as more and more home buyers want to know how far they will be from the Metro. So as the Metro works start shaping up, you can see the prices in that location hardening. The Mumbai Metro works, will reshape the cities, real estate prices in 3 – 5 years. We are working on a detailed study for that and update you shortly.

What’s New at Mumbai Property Exchange with RERA? We have been working round the clock to add the RERA Registered Projects on our website and be RERA compliant. We have a separate section for all RERA approved Projects, with all the back links going to the RERA website, where in you can see the entire details of the projects, including Legal Issues, ​Sold and Unsold Inventory and many other disclosures.

We are also in the process of mapping up the Sold and Unsold inventory and deriving a % as to how much inventory is sold and how much is unsold, so as an investor or a home buyer, you have a sense of the % sold and at what stage. If you are looking at any Property Investment, Buying a Home, Selling or Leasing your existing, Planning a Reinvestment or you are yourself in a Calibration and Consolidation mode then please do call us and we can together review your property holdings based on all the above parameters.

Mumbai Property Exchange Pvt Ltd
Sandeep Sadh

Leave a Reply

You may also like:

Education Law / Legal Lifestyle Linux People Software Technology World

How to stay safe from Email Server Compromises & Data Scams?

Avoid using tools like mobile apps or fancy desktop apps for email send / receive and other critical transactions.

Read More
Lifestyle Linux People Retail Software Startup Technology

Mobile is Driving Holiday Shopping

Mobile also offers an impressive selection of antiques shops and galleries with a wide variety of collectibles, vintage finds and funky pieces. Some features locally-owned specialty shops featuring high-end clothing, jewelry, furniture and home accessories – you can definitely shop till you drop in Mobile

Read More
Corruption Lifestyle Politics Software Startup Technology World

China, EU, Canada, US are taking a closer look at Google, India will catch small fishes

First the search giant attracted almost universal opprobrium and a tonne of legal headaches when it accidentally recorded personal data from unprotected wireless networks in various countries. Then some much-hyped new services flopped in some Google Wave. It faces formal investigation by the European Union into allegations that it has broken antitrust rules by abusing […]

Read More